Nissan expects its North American business to be profitable in a 10.5 million market
tryme submitted on 10/21/2009 Official Bell & Ross Timestamp: 3:43:20 PM
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The North American segment of Nissan Motor Co.
estimates that it would only be profitable if the total US market has annual sales of 10.5 million vehicles, Executive Vice President Carlos Tavares said. While attending the Tokyo Motor Show, Tavares gave in to requests for interviews and he said that currently, Nissan is using only about 60-70 percent of its North American production capacity.
Tavares said that Nissan’s plants have reached a point where it can profit with a total U.S. market of 10.5 million vehicles. The US market is widely expected to total 10.5 million units, down sharply from 16.2 million units in 2007 and 13.2 million last year.
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